motherboard.vice.com Archives - 05 April 2013, Friday

from the anti-money laundering arm of the U.S. Treasury, FinCEN, brought further clarity to the situation by addressing decentralized virtual currencies for the first time, tacitly giving bitcoin the legal stamp of approval, while also paving the way for further regulations. But the b...

Yep, that's a bitcoin ATM. Via TDV's release . Charging ahead of the bitcoin start-up stampede, Jeff Berwick (Founder of Stockhouse.com and TDV Media ), has announced the debut of Bitcoin ATM , with hope to launch its first machine in Cyprus. This couldn't be more timely, as Antreas A...

I think things were always kind of serious. I would say it really took a turn in September in 2011, when the first bitcoin conference convened in New York City. I went, and all these important bitcoin insiders showed up, like Gavin Andreeson, Jeff Garzick, the entire core dev crew bas...

It is widely believed that the first real-world bitcoin transaction took place on May 21st, 2010. Laszlo Hanyecz, a programmer living in Flordia, sent 10,000 bitcoin (BTC), the online-only, open source cryptocurrency , to a volunteer in England, who then spent about $25 to order Hanye...

King Tut's golden burial mask, via Bjørn Christian Tørrissen Plenty of people still have a difficult time wrapping their heads around what bitcoin is or why it even has value, especially as the virtual cryptocurrency continues to scale record heights . How isn't this a Ponzi scheme, m...

The tiny island of Cyprus became the center of the financial universe over the weekend, after its leaders, facing financial collapse and pressure from EU authorities, announced a plan that would let the government withdraw money directly from citizens' savings accounts in order to fun...

After reaching a new all-time high just three weeks ago, the Bitcoin ecosystem has since weathered a security breach and a software “glitch” that resulted in what some have labeled a “flash crash.” Hackers were able to swindle $12,480 worth of bitcoins from BitInstant, a company that ...

The second bitcoin bubble may not burst. Image via Flickr/zcopley Bitcoin’s value has steadily climbed over the past few months with no signs of stopping as the currency has managed to avoid major security breaches and expand its digital ecosystem. The dollar value of virtual decentra...

Pizza For Coins is a deep internet enthusiast's dream start-up. The site allows users to order Dominos Pizza delivery with bitcoins , perfect for those who love eating cinna-sticks as they browse through Silk Road, but are not fans of the Federal Reserve or PayPal. For a .09BTC fee - ...

Until now, one of main flaws of bitcoin is that still relies on centralized exchanges. For starters, it’s a philosophical dilemma for currency that is inherently decentralized, leaving bitcoin vulnerable to government intervention. Moreover, while the concept of the currency continues...

Bitcoin is thriving. Over a year after many pundits declared it dead , the virtual currency is holding its value and now being accepted as payment everywhere, from casinos to WordPress to stripper subreddits to drug markets . And what's even more interesting is that a new industry is ...

On November 9th, 65 Bitcoin-accepting merchants all got together, tossed their logos onto a website, and offered discount rates on products as diverse as bars of gold, chocolates, and automobiles. The idea was to stage a Bitcoin-only Black Friday-esque event to capitalize on the holid...

Bitcoin has been around for a few years now, and while you can’t really mine for it anymore, it’s hung on as the Internet’s favorite untraceable currency. That untraceability is key to its popularity on the dark web, which in turn has led to bitcoin’s reputation as being good for litt...